BOA PC

[JWest]

Thanks for the answer one last thing since I've only had my secured card for 5 months and got it converted, do you think its to early to request an increase?

[BigBS]

---

@Jlu wrote:

Since OP's topic has been answered -

For someone who rarely uses their 1-2-3 and always PIF's anyways, would the BBR award me $25 per quarter for any quarter I use it and PIF? That seems like I'd be getting $100/year guaranteed v.s. 3%/2%/1% on the little amount of spending I put on the card.

---

As long as you have a balance each month and pay more than the minimum payment (on-time) you will receive the $25 per quarter.  If you have a BoA qualifying account you would get an additional $5 per quarter (total $120 per year).

[Anonymous]

---

@JWest wrote:

Thanks for the answer one last thing since I've only had my secured card for 5 months and got it converted, do you think its to early to request an increase?

---

if you have a secured card you'd have to wait until the card "graduates" and becomes unsecured before elegibility for an increase

[JWest]

But they just allowed me to convert it to the better balance rewards card, so its still secured even after being converted?

[Anonymous]

I believe so. As far as I know there isn't a way to pc out of a secured card. If you get a refund of the original deposit you made when opening the account in the next month and it hasn't been a year since you opened the account then you beat the system lol. You can always call customer service and verify. 

[Lin55]

Took about 3 weeks to PC mine.

[JWest]

The crazy part is I've never had to send in a security deposit when I first applied

[Anonymous]

Did you list a checking account when applying for the card or do you have a checking account with BoA?

[JWest]

I just recently opened it a month ago maybe but didn't have one when applying you see I applied for a regular card but got this counter offer but it never asked for a deposit

[Anonymous]

Hmm that's interesting. Usually when you accept a secured card, the reason why its secured is there is a sum of money equal to your credit line that's used as collateral incase you don't pay. If your credit line is $300 then that $300 should be missing from one of your deposit accounts. If it isn't then you might just have a regular card with a low credit line. If either of these scenarios is not the case then I have no idea what you have lol.